Bloomberg快讯
SPG还是选了Marriott
Starwood Hotels & Resorts Worldwide Inc. accepted an improved bid from Marriot
t International Inc. valued at $13.6 billion, topping an offer from a group of
investors led by China’s Anbang Insurance Group Co.
Under the terms of the new offer, Starwood shareholders will receive $21 in ca
sh and 0.80 shares of Marriott common stock for each Starwood share, according
to a statement on Monday. Starwood shareholders will own about 34 percent of
the combined company’s common stock after the merger is completed, based on c
urrent shares outstanding.
Starwood,漑wner of brands such as Westin, W and St. Regis, received an unsolic
ited takeover proposal last week from a group of investors led by Anbang, almo
st upending a previous deal with Marriott, determined to create the world’s l
argest hotel operator. At the time the rival offer of $76 a share in cash was
made, the initial Marriott bid was worth $63.74 a share based on Marriott’s 2
0-day average share price. The improved Marriott offer totals $79.53 a share,
according to the companies.
Under the offer, Starwood shareholders would also get Interval Leisure Group
stock from a previously announced spin off of vacation ownership business,
Vistana Signature Experiences, and subsequent merger with ILG.
“Combined sales expertise and increased account coverage should drive additio
nal customer loyalty and increase revenue,” said Arne Sorenson, president and
chief executive officer of Marriott International. “Hotel level cost savings
should benefit owners and franchisees, including better efficiencies in reser
vations, procurement and shared services.”
A combination with Marriott would create the world’s largest hotel company wi
th about 30 brands, giving it more leverage in negotiating commissions with tr
avel agents, a larger frequent-guest program and cost savings. Marriott said i
n the statement it expects to save about $250 million a year with the merger.
The cost savings estimate increased by $50 million a year from the initial one
made November 2015.
Marriott and Starwood have already obtained important regulatory consents nece
ssary to complete the transaction, according to the companies.